10% Down Jumbo Loan in California to $979,750 is a post from: FHA,VA and Conventional Home Loans in all 50 States
There is a excellent jumbo loan available in California that only requires 10% down. This loan goes to $979,750 which is above the conventional high balance loan limit of $729,750 in California. This jumbo loan can allow you to purchase a property in the more expensive coastal areas of California with only 10% down. Below are some of the highlights of this large California mortgage loan:
- This jumbo loan is available in 5, 7, and 10 year fixed rate periods and is a fully amortizing loan
- Primary residence only (no second homes or investments)
- This California jumbo loan is available on single family homes and condos
This jumbo loan option is especially interesting because on September 30th 2011 the Fannie Mae conventional temporary loan limits are set to expire and the maximum loan limits in California will drop to $625,000 in many parts of the state such as San Francisco, San Jose, Oakland, Los Angeles, Orange County and San Diego. So this large loan option will allow you to go well above those expired limits with only 10% down payment.
If you have any questions or would like to be be pre-approved, please don’t hesitate to call 858-922-7899 or homeloan8@gmail.com
Regards,
Rob Chomentowski
Sr. Loan Officer (and FHA, VA, conventional, Homepath specialist)
858-922-7899
homeloan8@gmail.com
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